Citigroup Ups Chevron to Buy, But Shares Drop as Oil Falls

Citigroup analyst Alastair Syme upgraded U.S. oil giant Chevron (CVX) to a Buy, citing the company’s “self-help attitude,” capital reallocation and cash flow growth down the road that can sustain dividends. The news didn’t do much for the stock. Chevron gave up earlier gains to fall 1.2% to a recent $91.29 after U.S. stockpile data sent […]